Cadrenal Therapeutics (CVKD) Amended Form 144 Discloses Insider Sale
Rhea-AI Filing Summary
Cadrenal Therapeutics, Inc. (CVKD) filed an amended Form 144 disclosing a proposed sale of 3,836 common shares through Merrill Lynch on the NASQ exchange with an approximate aggregate market value of $53,455.56 and 2,046,854 shares outstanding. The shares were acquired on 01/25/2022 in a private placement from the company and were paid in full on that date. The filing reports no securities sold in the past three months for the account and includes the seller's representation that they are not aware of undisclosed material adverse information regarding the issuer.
Positive
- Transaction disclosed with key details including broker, share count, acquisition date, and aggregate market value
- Shares acquired in a private placement and paid in full on 01/25/2022, clearly stated
- Filer attests they are not aware of undisclosed material adverse information
Negative
- Filer identifiers (CIK/CCC) and certain contact fields are not provided in the supplied content, limiting traceability
Insights
TL;DR Small insider sale disclosed: 3,836 shares, ~$53.5k, representing ~0.19% of outstanding stock.
This Form 144/A shows a nominal insider sale relative to the issuer's outstanding shares: 3,836/2,046,854 equals approximately 0.187% of outstanding shares. The shares originate from a private placement dated 01/25/2022 and are being brokered through Merrill Lynch. The disclosed aggregate value is modest and unlikely to materially affect market capitalization or liquidity by itself. The filing helps maintain public transparency about proposed insider transactions but does not include trading execution results.
TL;DR Disclosure appears procedurally complete but some filer identifiers are not present in the text provided.
The notice includes required elements: broker name and address, class, number of shares, acquisition date and nature (private placement), and the seller's declaration regarding material nonpublic information. However, the supplied content lacks explicit Filer CIK and filer identifiers in the provided text, which are typically required for full traceability. The filing states there were no sales in the past three months, reducing immediate compliance concern about undisclosed prior dispositions.